Solid returns expected for red meat sector in 2019

Solid returns expected for red meat sector in 2019 with sheepmeat leading the way – industry report

While some downward pressure is expected on beef prices in next 12 months, sheepmeat pricing is anticipated to remain
strong, signalling another year of solid returns for New Zealand’s red meat sector in 2019, according to a
recently-released report by agricultural lending specialist Rabobank.

In its Global Animal Protein Outlook 2019 – Value, not volume: The new growth focus Rabobank says increasing global beef supplies, combined with weakened US demand, are expected to put downward pressure
on New Zealand’s beef export returns throughout 2019, however, a more favourable exchange rate is forecast to soften
some of the impact on farm gate beef prices.

Effective May 16, 2019, the Bureau of Industry and Security (BIS) amended the Export
Administration Regulations (EAR) by adding Huawei Technologies Co., Ltd. (Huawei)
to the Entity List. Huawei has been determined by the U.S. Government to be acting ...

May 23 (BusinessDesk) - The government remains committed to reducing net debt to
20 percent of gross domestic product by 2022 but plans to shift to a target range
rather than a single figure, says the finance minister.

May 16 (BusinessDesk) - Excluding Chinese telecommunications firm Huawei Technologies
risks driving up the cost of building a 5G mobile network and undermining competition
in its development, according to a draft mobile market study.